LandBank continues transport funding
LandBank and DOTr are partners for the Automated Fare Collection System Pilot Production Testing.
Daily TribuneLandBank and DOTr are partners for the Automated Fare Collection System Pilot Production Testing.
LandBank President and CEO Cecilia Borromeo (5th from right) pays a courtesy visit to Transport Secretary Jaime Bautista (6th from right) to reaffirm the bank’s continuing commitment to the national government’s transport modernization agenda. Joining them are DoTr Undersecretaries Cesar Chavez (7th from right), Timothy John Batan (8th from right), Kim Robert De Leon (9th from right), LandBank Executive vice presidents Alex Lorayes (3rd from right) and Liduvino Geron (4th from right), and Senior vice presidents Randolph Montesa (2nd from right) and Ramon Monteloyola (rightmost). | Photograph courtesy of LandBank
State-owned Land Bank of the Philippines renewed its commitment to the Department of Transportation to fully support programs for a more efficient, convenient and modern public transportation.
During a courtesy visit on 02 September 2022, LandBank President and CEO Cecilia Borromeo met with DOTr Secretary Jaime Bautista to discuss ongoing and potential collaboration programs and initiatives to advance the country's transport sector.
The LandBank and DOTr are partners for the Automated Fare Collection System Pilot Production Testing, which allows the convenient use of EMV contactless credit, debit and prepaid bank cards as cashless payment instruments in public transport modes.
Contact-free cards
Only LandBank contactless cards will be accepted as fare media for the interim implementation. Once the necessary regulations or policies have been issued, the LandBank AFCS solution can also accept and process the EMV contactless cards issued by other local and foreign banks.
In preparation for its full and commercial implementation, LandBank and the DOTr launched the AFCS in September, covering six units of modern public utility vehicles of PM Jeepney Drivers Operators and Services Inc.
The remaining 144 MPUV units out of the total 150 PUV units shall soon be deployed in selected pilot sites in NCR, Central Luzon, Calabarzon, and Metro Cebu.
